Selected information regarding a company's most recent quarter follows (all data in thousands). What was the beginning finished goods inventory?

Question

Selected information regarding a company's most recent quarter follows (all data in thousands).  What was the beginning finished goods inventory?

Quizplus · Accepted Answer

The beginning finished goods inventory is the previous quarter's ending finished goods inventory. It can be calculated as:
Beginning Finished goods inventory = Ending finished goods inventory of previous quarter
= $740 (given in the table)

Selected Information Regarding a Company's Most Recent Quarter Follows (All